SOLDLand
Butters Group Acquires Land In Pompano Beach From Florida Waves Project LLC For $3,911,333
1200 Nw 31st Avenue
$3,911,333
Lot Size
190,070 SF
Asset Type
Land
Closing
Apr 6, 2021
About this deal
AI
The asset involved in this transaction is a piece of land located at 1200 Nw 31st Avenue, Pompano Beach. The sale price was $3,911,333.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,911,333.00
- Address: 1200 Nw 31st Avenue
- Market: Pompano Beach
- Buyer: Butters Group
- Seller: Florida Waves Project, LLC
- Brokers: Alejandro Snyder - Current Real Estate Advisors
In this transaction, Alejandro Snyder represented Current Real Estate Advisors in facilitating the deal between Butters Group, the buyer, and Florida Waves Project, LLC, the seller.
Players
Pompano Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.06%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93